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yasserelansary.blogspot.com

Taxing Issues: May 2011

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Number 1 in numbers. Monday, May 30, 2011. Reducing emissions = carbon price other tax changes. But the implementation of a price on carbon - whether fixed or fluctuating - will not achieve the desired outcomes on its own. To complement the pricing mechanism, the federal government will need to give consideration to the role that other tax policies should play in the future as part of the big picture policy. About the Institute’s position on carbon pricing will be available over the coming days. Back in ...

yasserelansary.blogspot.com

Taxing Issues: Government charts its course towards a return to Budget surplus

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Number 1 in numbers. Wednesday, May 11, 2011. Government charts its course towards a return to Budget surplus. Canberra was buzzing yesterday as the Gillard Government handed down the 2011-12 Federal Budget to an audience of stakeholder groups, influencers and media commentators. The 2011-12 Budget has unrealistically high expectations of the commodities boom to deliver major upward revisions to tax revenues over the four year period of the forward estimates. One measure absent from the Budget was the cr...

yasserelansary.blogspot.com

Taxing Issues: July 2010

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Number 1 in numbers. Friday, July 2, 2010. As easy as MRRT. Let me start by saying I’m feeling a bit sheepish looking at my last entry date on this blog. All I can say in my defence is it’s been hectic in the tax world! Over the last few weeks the whole world, it seems, became besmirched in the resource super profits tax wrangle that emerged following the government’s package of tax reforms announced on 2 May. My feeling is that real progress can now be made in moving to the next stages of consultation a...

yasserelansary.blogspot.com

Taxing Issues: January 2011

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Number 1 in numbers. Thursday, January 27, 2011. Increasing taxes: still not the answer. As I unfortunately predicted in my blog last week. The federal government has proposed the introduction of a flood levy on taxpayers to cover the costs of rebuilding ravaged infrastructure in flood affected communities, in an effort to keep its promise to return the budget to surplus by 2012-13. Will the flood levy set a precedent for future ‘one-off’ taxes? The Institute has also published a media release. As the fu...

yasserelansary.blogspot.com

Taxing Issues: March 2011

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Number 1 in numbers. Monday, March 21, 2011. New thinking: link carbon pricing to tax reform. Late last week, Professor Ross Garnaut released Paper Number 6. As part of his 2011 update review into climate change. In this paper, Professor Garnaut discusses a number of issues that link climate change policy to the need for major tax reform in Australia. There are a few points made in his report that resonated with me. Monday, March 14, 2011. Tax time: deal or no deal? Since the federal government announced...

yasserelansary.blogspot.com

Taxing Issues: December 2010

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Number 1 in numbers. Monday, December 20, 2010. Let the GST exemption go through to the keeper. Much has been said over the past few weeks by Australian retailers about their dire position as a result of our Goods and Service Tax (GST) laws, which exempt certain overseas purchases via the internet. If you take on board some of the commentary going around, you might believe that the $1,000 GST exemption for imported goods is the sole reason behind declining consumer spending across the country. A little o...

yasserelansary.blogspot.com

Taxing Issues: September 2010

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Number 1 in numbers. Thursday, September 16, 2010. Predictions - post election. Canberra’s been a hive of activity lately and last night I was fortunate enough to be part of a panel there at an Institute function. Naturally, the impact of the election result has been at the forefront of everyone’s mind, so the topic was particularly relevant: Post Election: The Economy, Markets and the Health of Small Business. Secondly, government announcements will be viewed with some trepidation until we know the posi...

institute-superannuation.blogspot.com

Superannuation: September 2010

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Number 1 in numbers. Friday, September 24, 2010. The National SMSF Conference 2010 is continuing today and I’ve been having a great time attending sessions and meeting members. Feedback has been really valuable – members really appreciate the opportunity to hear from experts and build up their skills in the SMSF sector. Yesterday, I attended a panel session on auditor independence. Interestingly, during the Q&A session, panellists were asked why do we need to audit SMSFs at all? What many people don&#821...

institute-sustainability.blogspot.com

Sustainability & regional issues: To tax or not to tax, that is the question

http://institute-sustainability.blogspot.com/2010/11/to-tax-or-not-to-tax-that-is-question.html

Sustainability and regional issues. Number 1 in numbers. Tuesday, November 9, 2010. To tax or not to tax, that is the question. Does a carbon ‘price’ mean a carbon ‘tax’? The government’s Multi-Party Climate Change Committee met recently for the first time. It was interesting to hear the opening position of the committee: that a carbon price is necessary to reduce emissions. They went on to encourage investment in low emissions technologies and to complement its existing programs. Even if the starting pr...